Business

Czech Koruna steadies near 25.50 Kč mark against the greenback following US election upset. By BOHEMIST STAFF PRAGUE – The strengthening of the US Dollar following the historic upset at the US elections earlier this month pushed the Czech Koruna to lows against the American currency for 2016, moving well beyond …

EU Commission tells Czech yogurt makers that calling foodstuffs Greek if they are not made in Greece is deceptive. By BOHEMIST STAFF PRAGUE – Say goodbye to Czech-made “Greek” yogurt. The European Commission has ruled that use of the term “Greek yogurt” for products made outside Greece creates unfair competition and is — …

Made using a 3D printer, the urban vehicle can reach a distance up to 200 kilometers per charge. By BOHEMIST STAFF PRAGUE – In an effort to improve inner-city transportation, a Prague startup has been working on a cost-efficient vehicle completely powered by electricity that can mostly be made from a …

The deal all but assures that SABMiller’s Czech brands will also be sold. By BOHEMIST STAFF PRAGUE – Investors of London-headquartered beer conglomerate SABMiller Plc. today approved the firm’s majority acquisition by Anheuser-Busch InBev NV in an astounding US$103 billion takeover that seals a proposed deal that had been on the …

By BOHEMIST STAFF PRAGUE – A team of Czech investors have announced that they have agreed in principal to purchase popular local online auction website Aukro.cz, according to international media Word of the sale came in a statement issued by the buyers, who will take shares off of the Polish Allegro group, which is …

Czech authorities do not recognize Bitcoin as a legal currency, putting clients at risk. By BOHEMIST STAFF PRAGUE – The Czech Republic-based Bitcoin cloud mining company Maximus Coin announced that it has moved its headquarters to Malta amid increasing concerns over a lack of regulation over the digital currency, according to …

It is the “center” for porn on the continent, according to filmmakers. By BOHEMIST STAFF PRAGUE – The beautiful capital stands above the shoulders of many of its neighbors for having better beer, better architecture, but better porn? In an interview with iDnes.cz, pornographic film director Jan Dudek argued that the Czech …

Total cigarette market nears 10 billion units in the first half of 2016. By BOHEMIST STAFF PRAGUE – Profits from the largest manufacturer of cigarettes in the Czech Republic, international conglomerate Philip Morris reached 1.6 billion Kč in the first half of 2016, down 1 percent compared to the same period …

The car maker is recalling 539 units of its Octavia sedan in India to fix faulty manual child locks. By BOHEMIST STAFF PRAGUE – Škoda might be having a great sales year, but buyers in India maybe thinking about trading in their cars for a Tata after hearing the Czech Republic’s largest car maker is …

Global Homes s.r.o. allegedly one ‘La-Z-Boy’ when it comes to paying its bills. By BOHEMIST STAFF PRAGUE – At least three furniture manufacturers have reportedly filed complaints to police in Vietnam accusing a Czech supplier of not paying for nearly a million dollars worth of furniture, according to Vietnamese state-run media. Between …